ADOBE $ADBE FALL IS A BUYING OPPORTUNITY
Adobe is trading down 15% after its earnings. Adobe reported third quarter earnings of $0.54 per share, $0.05 better than the consensus of $0.49 and revenues rose 42.0% year/year to $990.3 mln vs the $985 mln consensus. The stock is falling because investors are focusing on the revenue projections. Adobe projects Q4 revs of $0.950-1.000 bln vs. $1.03 bln consensus. Our fundamental view on Adobe has been positive. After analyzing the earnings report and projections with a fine tooth comb, our fundamental view on the company remains positive. The stock passes all six screens of the ZYX Change Method. We have been